MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0060715
Hitro Energy Solutions Private Limited - consumer electronics & durables in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹84,240
▼ 82% YoY
Net loss · FY 2023
₹28.86 Lakh
Latest filing
EBITDA · FY 2023
-₹30,622
EBITDA margin -36.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹49 Lakh
Issued & subscribed
Open charges
₹2.48 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Hitro Energy Solutions Private Limited
Data last updated:
Hitro Energy Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 28 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29248TN2014PTC094732. Its GSTIN is 33AADCH4041G1Z2 (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49 Lakh. It is led by directors Nadathur Sundaravaradan Rangachari and Nirmala Rangachari.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹84,240, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹28.86 Lakh and EBITDA of -₹30,622 (EBITDA margin -36.4%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 67% over five years.
As per MCA filings, the company has open charges of ₹2.48 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in March 2015.
Hitro Energy Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0060715). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitroenergy.com.
Company details
CIN U29248TN2014PTC094732
Registration Number 094732
Incorporation Date 28 January 2014
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0060715
Recognitions & Rankings of Hitro Energy Solutions
Contact details
Hitro Energy Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is hitroenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 11 A Manavalan Nagar, Sembakkam, Chennai, Tamil Nadu, India – 600073
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Hitro Energy Solutions Private Limited, buy the company report.
Comprehensive company report
Hitro Energy Solutions Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Hitro Energy Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Hitro Energy Solutions Private Limited, buy the company report.
Financials of Hitro Energy Solutions Private Limited
FY 2023 filings availableHitro Energy Solutions Private Limited reported revenue of ₹84,240 (down 82% YoY) for FY 2023.
Revenue · FY 2023
₹84,240 ▼ 82%
Net loss · FY 2023
₹28.86 Lakh
EBITDA · FY 2023
-₹30,622 margin -36.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 69%
5 years · compounded
▼ 67%
EBITDA CAGR growth
1 year
▲ 84%
3 years · compounded
▼ 26%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 82% fall in the latest year. EBITDA rose 84% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹84,240 | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹30,622 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.86 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.4% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Hitro Energy Solutions Private Limited, buy the company report.
Board of directors of Hitro Energy Solutions Private Limited
Hitro Energy Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nadathur Sundaravaradan Rangachari Also directs: Namodonate Medicines Foundation | Director | 28 Jan 2014 | 12 Years 9 Months | Current |
| Nirmala Rangachari | Director | 28 Jan 2014 | 12 Years 9 Months | Current |
Auditor
Hitro Energy Solutions Private Limited is audited by K R SARANGAPANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R SARANGAPANI & CO | FY 2023 | 050018S |
Shareholding
The shareholding of Hitro Energy Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hitro Energy Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.48 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2021 | 100457583 | Indian Bank | ₹2.48 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Hitro Energy Solutions Private Limited has 1 deal on record (1 rights issue); the latest was in March 2015.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹48 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hitro Energy Solutions Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Consolidated Construction Consortium Ltd. Through Krishnasamy Vasudevan S/O Krishnasamy Resolution Professional for Consolidated Construction Consortium Limited 17B/78, Maruthi Nagar, Hasthinapuram, Chrompet ,Chennai , Tamil Nadu | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Hitro Energy Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Hitro Energy Solutions Private Limited was last rated by Crisil on 15 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jun 2020 |
To see the full credit ratings and regulatory alerts of Hitro Energy Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hitro Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hitro Energy Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCH4041G1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitro Energy Solutions Private Limited, buy the company report.
Recent activity
Hitro Energy Solutions Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Nadathur Sundaravaradan Rangachari was appointed as Director on 28 Jan 2014.
AGM
Hitro Energy Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Hitro Energy Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Charges
A charge with Indian Bank amounted to Rs. 248.23 Lakh with Charge ID 100457583 was registered on 28 May 2021.
Appointed
Nadathur Sundaravaradan Rangachari was appointed as Director.
Appointed
Nirmala Rangachari was appointed as Director.
Incorporation
28 Jan 2014
Hitro Energy Solutions Private Limited was registered on 28 Jan 2014 with Roc Chennai & aged 12 years 9 months as per MCA records.
Frequently asked questions
Hitro Energy Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 28 January 2014 (12+ years old) and is registered under CIN U29248TN2014PTC094732.
Hitro Energy Solutions has 2 current directors:
- Nadathur Sundaravaradan Rangachari - Director
- Nirmala Rangachari - Director
The latest financial statements of Hitro Energy Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitro Energy Solutions is 33AADCH4041G1Z2, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Hitro Energy Solutions is U29248TN2014PTC094732. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitro Energy Solutions has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the supreme court.
Hitro Energy Solutions was incorporated on 28 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chennai.
Hitro Energy Solutions has 1 deal on record (1 rights issue); the latest was in March 2015.
Nadathur Sundaravaradan Rangachari was appointed as Director on 28 Jan 2014. Nirmala Rangachari was appointed as Director on 28 Jan 2014.
Yes, Hitro Energy Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0060715).
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